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Insurance fraud is a $30 billion a year problem, and most insurers believe scams are on the rise.
Current market forces and pandemic realities require faster adoption of new digital and AI solutions.
In the U.S., digital fraud attempts across the financial services industry increased 109% during the research period.
What does digital transformation mean for the insurance industry and what challenges do carriers face?
Increased digitalization should spur insurance executives to be even more sensitive to this risk.
Cyber insurers now thoroughly examine a potential policyholder's security strategy, threat mitigation and incident response plans.
Insurers are more likely to grow and thrive when they invest in modernizing their underwriting function with new data and technology.
Wouldn't you like to find out about your company's cybersecurity vulnerability before the public or the media?
Just as credit scores changed the game for risk management, analytics have the potential to change the game in cyber insurance.
Exor is shunning the idea that it should take on more risk in PartnerRe Ltd.s investment portfolio after making an unsolicited buyout offer for the Bermuda-based company.